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"The shares of three large sneaker makers got shredded on Tuesday.
Nike, Adidas and Under Armour saw their values sliced by about $3.6 billion after investors got spooked when Under Armour forecast slower growth into 2017 and 2018.
Baltimore-based Under Armour, the upstart among the trio, which had posted 12 straight quarters of 25 percent-plus revenue growth, said Tuesday that sales in the third quarter rose 22.2 percent.
Plus, the company forecast that revenue in 2017 and 2018 would grow in the low-20 percent range, testing Chairman and Chief Executive Kevin Plank’s pitch to Wall Street that Under Armour is a growth stock.
With the air coming out of its sales gains, investors punished the stock, sending it down 13 percent, to $32.89.
Nike, which last month reported that futures orders failed to meet expectations, got caught in the downdraft, falling 1.6 percent, to $51.05. The ADRs of Germany’s Adidas slipped 1.4 percent, to $83.31.
For Under Armour, the", nypost.com

"The maker of high-performance athletic wear delivered another quarter of double-digit growth, but concerns about increasing competition and slowing growth going forward have the market selling off today.", www.fool.com

"BALTIMORE (AP) — Under Armour had one of the worst trading days in its history as investors sensed that the hard-charging athletic company may be hitting the wall. The company...", www.seattletimes.com

"On a per-share basis, the Athens, Greece-based company said it had net income of 20 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to 37 cents per share. The results topped ...", sports.yahoo.com

"The Phoenix-based company said it had profit of 29 cents per share. Earnings, adjusted for restructuring costs, were 31 cents per share. The results missed Wall Street expectations. The average estimate ...", sports.yahoo.com

"The Chicago-based company said it had net income of 42 cents per share. Earnings, adjusted for one-time gains and costs, were 46 cents per share. The results surpassed Wall Street expectations. The average ...", sports.yahoo.com

"On a per-share basis, the Miami-based company said it had net income of $1.59. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.67 per share. The results ...", sports.yahoo.com

"The Bellevue, Washington-based company said it had profit of 98 cents per share. The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research ...", sports.yahoo.com

"Under Armour Inc. (NYSE:UA)‘s stock had its “hold” rating reissued by equities research analysts at Brean Capital in a report released on Thursday. Several other equities research analysts have also weighed in on the company. Cowen and Company reiterated an “outperform” rating and issued a $46.00 price objective on shares of Under Armour in a […]", baseballnewssource.com

"Yesterday, Under Armour cut the ribbon on UA Lighthouse, a 35,000 sq. ft. facility at the 133,000 sq. ft. City Garage in Port Covington which was recently redeveloped by Sagamore Ventures.", southbmore.com

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